This is a non sequitur. The original comment referred to the $116M HP paid to acquire the assets. None of that was paid to employees.
Yes, Humane burned through $200M of investor capital, and some of it was spent on salaries for employees. The employees likely accepted lower cash salaries than were otherwise competitive, in exchange for equity which is now worthless. What is your point exactly?
Are you suggesting the employees pulled a fast one somehow because the investors paid their salaries? That’s, obviously, how venture-backed startups work, and everyone involved (especially the investors) is very aware of the trade. In exchange, the investors own much more of the company than the employees and have a much higher upside potential if the company succeeds.
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This is a non sequitur. The original comment referred to the $116M HP paid to acquire the assets. None of that was paid to employees.
Yes, Humane burned through $200M of investor capital, and some of it was spent on salaries for employees. The employees likely accepted lower cash salaries than were otherwise competitive, in exchange for equity which is now worthless. What is your point exactly?
Are you suggesting the employees pulled a fast one somehow because the investors paid their salaries? That’s, obviously, how venture-backed startups work, and everyone involved (especially the investors) is very aware of the trade. In exchange, the investors own much more of the company than the employees and have a much higher upside potential if the company succeeds.